金融市场风险传染的原因及影响因素研究  

A Study on the Causes and Influencing Factors of Financial Market Risk Contagion

作　　者：贺根庆[1] 

机构地区：[1]包商银行博士后工作站,北京100101

出　　处：《征信》2014年第7期17-20,共4页Credit Reference

摘　　要：从金融全球一体化视角出发,对宏观监管体制、市场微观结构、投资者异质信念等多重因素影响下,金融市场时变联动与风险传染的形成原因、影响因素等内在机制进行研究,有助于揭示国际金融风险的传导机制和金融风险传染呈现的新特点,对于完善金融风险传染理论的内容、金融稳定政策的制定和实施以及金融风险管理具有重要的理论和现实意义。Starting from the perspective of financial globalization, a study is made on the internal mechanisms such as the time-varying financial market linkage and the causes and influencing factors for the risk contagion, which are impacted by multiple factors： the macro-regulatory system, microstructure of markets, heterogeneous beliefs of investors, hoping to help reveal the characteristics of the transmission mechanism for the new international financial risks and financial risk contagion. The study will be of important theoretical and practical significance for improving the content of the financial risk contagion theory, formulating and implementing financial stability policy, and en- hancing financial risk management.

关 键 词：金融危机 时变联动 风险传染 内在机制 

分 类 号：F830.9[经济管理—金融学]